Taiwan Waste Management Market by Waste Type (Municipal Solid Waste (MSW) or Household, Industrial, and Commercial) and by Waste Treatment (Composting, Incineration, Controlled Landfill, Uncontrolled Landfill, Sanitary Landfill, Open Dump, and Recycling)– Opportunity Analysis and Industry Forecast, 2024 – 2030
Industry: Energy & Power | Publish Date: 08-Oct-2024 | No of Pages: 20 | No. of Tables: 82 | No. of Figures: 47 | Format: PDF | Report Code : EP2743
Taiwan Waste Management Market Overview
Taiwan Waste Management Market size was valued at USD 9.27 billion in 2023, and is predicted to reach USD 16.05 billion by 2030, at a CAGR of 7.10% from 2024 to 2030.
The Taiwan waste management market involves a wide range of services and activities aimed at managing and mitigating the impact of waste generated by various sectors including residential, commercial, industrial, and healthcare. It includes the collection, transportation, processing, recycling, and disposal of waste materials in a manner that is environmentally responsible and sustainable. The market also involves the development and implementation of technologies and practices that promote waste reduction, resource recovery, and the safe handling of hazardous materials.
Key components of the waste reduction market include waste collection services, recycling facilities, waste-to-energy plants, landfill operations, and environmental consulting services. As awareness of environmental issues grows, the waste reduction market continues to expand, driven by growing population, technological advancements, and increasing public Taiwan waste management market demand for sustainable waste solutions.
Increase in Waste Generation of the Nation Fuels the Growth of the Market
The increase in waste generation fuels the growth of the waste management market in Taiwan. As waste volumes rise it necessitates the demand for effective waste reduction solutions to handle the increasing amounts of waste.
According to the latest report published by Greenpeace East Asia, the proportion of plastic waste within household trash accounted for 28% in 2022 as compare to 17% in 2017. This demand drives investments in advanced waste processing technologies, recycling facilities, and comprehensive waste reduction systems. The need to address the growing waste challenge propels market expansion and encourages innovation in waste reduction practices across the country.
Government Initiatives Towards Waste Management Propels the Market Growth
The government initiatives further fuel the Taiwan waste management market in the country. The Taiwanese government introduced various policies and regulations aimed at improving waste management and promoting recycling. As per the Taiwanese Ministry of Environment (MOENV), the ministry's future focus and ultimate goal is achieving net-zero emissions by 2050. The Ministry of Environment persist in fostering social dialogue and advancing initiatives related to the circular economy, zero emissions, and zero waste. These initiatives include stricter waste disposal regulations, incentives for reducing waste, and investments in advanced waste processing infrastructure.
Limited Space for Landfill Expansion Hinders the Market Growth
The limited space for landfill expansion in the country necessitates costly investments in alternative waste management solutions that in turn hinders the growth of the market. As urbanization accelerates and populations continue to grow, the availability of land suitable for landfill use is becoming scarce. This scarcity of space creates significant challenges for waste reduction companies that traditionally relied on landfills as a primary method of waste disposal.
The Adoption of Waste-To-Energy Technologies Creates Future Growth Opportunities in the Market
The adoption of waste-to-energy technologies such as incineration, anaerobic digestion, and gasification presents a significant growth opportunity for the waste management market as these technologies convert waste materials into usable energy, reducing landfill dependency and contributing to sustainable energy generation.
By transforming waste into a valuable resource, waste-to-energy solutions promote environmental sustainability and drive Taiwan waste management market expansion. This innovative approach aligns with global trends toward circular economy practices and offers economic benefits by generating energy from waste that creates a promising avenue for growth of the waste reduction sector.
Competitive Landscape
The promising key players operating in the Taiwan waste management industry includes Remondis, ECOVE, Veolia Taiwan, China Ecotek Corporation, TCC GROUP HOLDINGS, Cleanaway, Sunny Friend Environmental Technology Co. Ltd., Jiin Yeeh Ding Enterprises Corp, Taiwan Steel Union Co., Ltd., Enrestec, Inc., and others.
Taiwan Waste Management Market Key Segments
By Waste Type
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Municipal Solid Waste (MSW) or Household
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Food
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Paper and Cardboard
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Plastic
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Glass
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Metal
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Others
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Industrial
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Manufacturing Waste
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Construction & Demolition Waste
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Agriculture Waste
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Other Industrial waste
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Commercial
By Waste Treatment
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Composting
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Incineration
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Controlled Landfill
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Uncontrolled Landfill
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Sanitary Landfill
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Open Dump
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Recycling
Key Players
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Remondis
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ECOVE
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Veolia Taiwan
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China Ecotek Corporation
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TCC GROUP HOLDINGS
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Cleanaway
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Sunny Friend Environmental Technology Co. Ltd.
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Jiin Yeeh Ding Enterprises Corp
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Taiwan Steel Union Co., Ltd.
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Enrestec, Inc.
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size Value in 2023 |
USD 9.27 billion |
|
Revenue Forecast in 2030 |
USD 16.05 billion |
|
Value Growth Rate |
CAGR of 7.10% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
|
|
Companies Profiled |
10 |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
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